--- title: "Abrdn Palladium ETF Trust | 10-Q: FY2026 Q1 Revenue: USD 0" type: "News" locale: "en" url: "https://longbridge.com/en/news/285774284.md" datetime: "2026-05-08T20:45:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285774284.md) - [en](https://longbridge.com/en/news/285774284.md) - [zh-HK](https://longbridge.com/zh-HK/news/285774284.md) --- # Abrdn Palladium ETF Trust | 10-Q: FY2026 Q1 Revenue: USD 0 Revenue: As of FY2026 Q1, the actual value is USD 0. EBIT: As of FY2026 Q1, the actual value is USD -1.642 M. #### Net Asset Value (NAV) - For the quarter ended March 31, 2026, the Trust’s NAV decreased from $1,035,462,345 at December 31, 2025, to $789,607,931 at March 31, 2026, representing a 23.74% decrease. - For the quarter ended March 31, 2025, the Trust’s NAV increased from $354,057,800 at December 31, 2024, to $368,860,564 at March 31, 2025, an increase of 4.18%. #### Palladium Price - The price per ounce of palladium decreased by 7.59% from $1,567.00 at December 31, 2025, to $1,448.00 at March 31, 2026. - The price per ounce of palladium rose by 8.47% from $909.00 at December 31, 2024, to $986.00 at March 31, 2025. #### Outstanding Shares - Outstanding Shares decreased from 7,275,000 at December 31, 2025, to 6,012,500 at March 31, 2026. - Outstanding Shares decreased from 4,262,500 at December 31, 2024, to 4,100,000 at March 31, 2025. #### Share Creations and Redemptions - For the quarter ended March 31, 2026, 625,000 Shares (50 Baskets) were created, and 1,887,500 Shares (151 Baskets) were redeemed. - For the quarter ended March 31, 2025, 412,500 Shares (33 Baskets) were created, and 575,000 Shares (46 Baskets) were redeemed. #### NAV per Share - The NAV per Share decreased by 7.73% from $142.33 at December 31, 2025, to $131.33 at March 31, 2026. - The NAV per Share increased by 8.32% from $83.06 at December 31, 2024, to $89.97 at March 31, 2025. - The highest NAV per Share for the quarter ended March 31, 2026, was $191.20 on January 29, 2026, with a low of $124.45 on March 26, 2026. - The highest NAV per Share for the quarter ended March 31, 2025, was $97.78 on February 3, 2025, with a low of $83.80 on February 28, 2025. #### Sponsor’s Fee - The Sponsor’s Fee was $1,641,881 for the quarter ended March 31, 2026, representing 0.60% of the Trust’s ANAV. - The Sponsor’s Fee was $521,017 for the quarter ended March 31, 2025, representing 0.60% of the Trust’s ANAV on an annualized basis. #### Net Assets from Operations - The decrease in net assets from operations for the quarter ended March 31, 2026, was - $77,200,499. This resulted from a change in unrealized loss on investment in palladium of - $128,792,060 and the Sponsor’s Fee of $1,641,881, partially offset by a realized gain of $423,745 on the transfer of palladium to pay expenses and a realized gain of $52,809,697 on palladium distributed for the redemption of Shares. - The decrease in net assets from operations for the quarter ended March 31, 2025, was - $30,027,321. This was due to a realized loss of - $177,559 on the transfer of palladium to pay expenses, a realized loss of - $14,652,231 on palladium distributed for the redemption of Shares, and the Sponsor’s Fee of $521,017, offset by a change in unrealized gain on investment in palladium of $45,378,128. #### Outlook/Guidance - On April 22, 2026, the Sponsor announced a 5-for-1 forward share split for abrdn Physical Palladium Shares ETF, effective prior to market open on May 18, 2026. This split will decrease the price per Share while proportionately increasing the number of Shares outstanding. Shareholders will receive five post-Split-Shares for every Share held, with post-Split Shares priced at one-fifth the NAV of a pre-Split Share. ### Related Stocks - [PALL.US](https://longbridge.com/en/quote/PALL.US.md) ## Related News & Research - [Yext to Announce First Quarter Fiscal Year 2027 Financial Results on June 2, 2026 | YEXT Stock News](https://longbridge.com/en/news/286970613.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md) - [Sangoma Announces Third Quarter Fiscal 2026 Results | SANG Stock News](https://longbridge.com/en/news/286317217.md) - [Vulnerability Exploitation Top Breach Entry Point, 2026 Industry-Wide DBIR Finds | VZ Stock News](https://longbridge.com/en/news/286918426.md) - [Prairie Operating Co. Announces First Quarter 2026 Results and Reaffirms 2026 Guidance | PROP Stock News](https://longbridge.com/en/news/286463109.md)